After Tax Reform, Which Is Right for You: S Corp or C Corp?
The Tax Cuts and Jobs Act has left many of today’s businesses with big questions. Incorporation remains a hot topic, but this law is shaking things up. It’s quick to assume your company should be one or the other, but without careful consideration of the facts, your organization may end up facing financial loss, hefty…
Will Tariffs Ultimately Hurt U.S. Businesses?
U.S. economic interests may take a significant blow if the U.S. continues to impose tariffs on Chinese manufactured goods. This article explains how business leaders across the U.S. are feeling about the continued trade war, and how the government is responding. To view this article, click the following link to access the original content. https://www.inc.com/guadalupe-gonzalez/us-companies-oppose-trump-administration-china-tariffs.html
Tax Reform Eases the Alternative Minimum Tax – But It’s Still There
Although Congress has been promising to repeal the alternative minimum tax (AMT), they failed to do that when they passed tax reform in 2017. Instead, they lessened the effects of the AMT by increasing AMT exemptions (an amount of income exempt from AMT taxation) and raising the income thresholds for when the exemptions are phased…
What it Takes to Become Successful
Success can come in many varieties, but the foundational traits in a successful person are similar. This article discusses the correlation between your life habits and your success, and explores the three traits that are necessary for success. To view this article, click the following link to access the original content. https://www.entrepreneur.com/article/319622
Tax Reform 2.0 Is in the Works
The dust has not yet settled from the Tax Cuts and Jobs Act (TCJA), passed into law in December 2017, and the House Ways and Means Committee is already considering another round of tax changes. The committee chair, Kevin Brady, Republican from Texas, wants to include input from stakeholders such as business groups, think tanks…
The New Normal in Family Business
Family businesses are being forced to innovate and change, and those that act quickly and decisively usually deliver better results. This article explains the need for constant innovation, the importance of relying on older generations, and what it takes to disrupt an industry. To view this article, click the following link to access the original…
A Breakdown of the Proposed IRS 1040
Remember the IRS’s promise about being able to file your income tax return using a postcard? The reality of the new 1040 form is a far cry from a postcard. Although the administration insists that it has simplified the process of preparing your tax return, a few minutes of comparing the old 1040 to the…
SBA Changing Lending Rules
Partner buyouts have become much more reasonable, as the SBA has changed a rule that will now allow a buying partner to qualify for a loan without fronting equity. This article discusses the new adjustments, and why it is now easier to buy out a partner. To view this article, click the following link to…